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Earnings Call Summary | LINAMAR CORP(LIMAF.US) Q1 2024 Earnings Conference

Earnings Call Summary | LINAMAR CORP(LIMAF.US) Q1 2024 Earnings Conference

财报电话会议摘要 | 利纳马公司(LIMAF.US)2024 年第一季度业绩发布会
富途资讯 ·  05/12 02:35  · 电话会议

The following is a summary of the Linamar Corporation (LIMAF) Q1 2024 Earnings Call Transcript:

以下是利纳马公司(LIMAF)2024年第一季度财报电话会议记录摘要:

Financial Performance:

财务业绩:

  • Linamar Corporation reported Q1 sales of $2.72 billion, a 19% increase YoY, and EPS rose by 31% to $2.59.

  • Double-digit growth is reflected in both top and bottom lines, achieving a milestone with annual sales crossing $10 billion.

  • Net debt stands at $1.83 billion, with expectations to go under 1 times EBITDA in 12 to 18 months.

  • Significant Q1 accomplishments include increases in normalized net earnings (31.1% to $159.6 million), fully diluted normalized EPS (30.8% to $2.59), and a maintained liquidity level of $1.3 billion.

  • 利纳马公司报告称,第一季度销售额为27.2亿美元,同比增长19%,每股收益增长31%,至2.59美元。

  • 两位数的增长反映在收入和利润上,实现了年销售额突破100亿美元的里程碑。

  • 净负债为18.3亿美元,预计在12至18个月内将低于息税折旧摊销前利润的1倍。

  • 第一季度的重大成就包括正常净收益的增长(31.1%至1.596亿美元)、全面摊薄后的正常每股收益(30.8%至2.59美元)以及维持13亿美元的流动性水平。

Business Progress:

业务进展:

  • Successful completion of the Bourgault acquisition is expected to greatly contribute to the results, with integration currently in progress.

  • New business wins continue in the technology and propulsion sectors, supported by award-winning innovations.

  • Thanks to recent acquisitions, the Mobility and Industrial segments showed significant performance, including a 58% growth in normalized OE in the Mobility segment.

  • The company's active product launch includes micro scissor models in the Skyjack division and the new Front Mount Rotary Disc Series in MacDon.

  • There are plans for two new facilities in Mexico and China, supporting Skyjack's growth and expanding global market access.

  • Looking forward, double-digit top-line growth is expected for both the Agricultural and Skyjack divisions in 2024, and high single-digit to low double-digit top-line growth is projected in the Mobility segment.

  • 成功完成对Bourgault的收购有望为业绩做出巨大贡献,目前整合正在进行中。

  • 在屡获殊荣的创新支持下,技术和推进领域继续取得新的业务胜利。

  • 得益于最近的收购,出行和工业板块表现出显著的表现,包括出行领域的正常OE增长了58%。

  • 该公司积极推出的产品包括Skyjack部门的微型剪刀型号和MacDon的新款前置式旋转盘系列。

  • 计划在墨西哥和中国建造两个新设施,以支持Skyjack的增长并扩大全球市场准入。

  • 展望未来,预计农业和Skyjack部门的收入将在2024年实现两位数的增长,而出行领域的收入预计将实现高个位数至低两位数的增长。

More details: LINAMAR CORP IR

更多详情: 利纳马公司 IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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